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African Banking Roundtable: New Focus On Capital Markets

Global Finance

Africa today is the worlds youngest continent, with a growing population and several fast-growing economies, but significant challenges, including the need for regulatory reform in banking and finance. Global Finance: Last year, we discussed the departure of a number of high-profile foreign banks from Africa. We need foreign savings.

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Top 2024 macro-credit risks

Future CFO

Top 2024 macro-credit risks include tight liquidity and funding conditions, uncertainty about China’s macroeconomic outlook and property sector, and geopolitical event risk, said Fitch Ratin gs recently. The post Top 2024 macro-credit risks appeared first on FutureCFO.

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HighRadius Hires 20-Year Finance Vet Scott Buxton As CFO

PYMNTS

Buxton previously worked for cloud application monitoring platform Datadog as VP of finance, where he led the company to a $9 billion valuation and a current market capitalization of upwards of $25 billion, with the number of employees growing from 100 to 2,000 during his tenure, the release says.

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GCC Banking’s New Techno-Frontier

Global Finance

AI algorithms analyze vast amounts of data to assess credit risk, detect anomalies, and prevent AML fraud,” Saxena notes. With fintech valuations still high, the likelihood of traditional banks acquiring their upstart rivals is questionable. The post GCC Banking’s New Techno-Frontier appeared first on Global Finance Magazine.

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Deep Dive: Digital-First Banks Harness The Power Of Data Analytics

PYMNTS

Big Data analytics reached a market valuation of $29.87 It is key to risk management functions, which entail assessing the likelihood that any given transaction could be fraudulent or present a credit risk. One of the most powerful tools in the financial sector is data analytics.

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Klarna Chief Claims Six Million New Customers Per Year

PYMNTS

Klarna is a 15-year-old company that has a valuation of over five billion dollars. they don’t have credit cards … 70 percent of millennials in the U.S. He was also asked about credit risk and delinquency. “We We do thorough credit checks. It raised $460 million in August and has raised a total of $1.2

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Lending Club’s Terrible Twos

PYMNTS

Stock prices opened at $15 but popped pretty immediately thereafter, shooting up 56 percent by the end of the first day — and locking Lending Club’s valuation in at $8.5 Lending Club’s valuation never got much higher than that $10 billion mark, but it did manage to keep its share price above its IPO value for the first half of 2014.

GAAP 73